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PHOTO FILE: An Alitalia Airbus A320-200 aircraft arrives at Rome's Fiumicino Airport on 24 October 2018. REUTERS / Max Rossi
MILAN (Reuters) – Italy's deputy prime minister, Luigi Di Maio, has postponed until 15 June the deadline for submission of bids for ill carrier Alitalia, a government statement said on Friday.
The decision was made following a request from the Italian railway group Ferrovie dello Stato, which is one of the companies that have shown themselves willing to contribute to the bailout.
The current deadline had expired at the end of April.
The government is organizing the rescue of the company in difficulty to avoid collective redundancies and has retained the companies Ferrovie dello Stato and the US carrier Delta as potential investors. But it still needs another investor to contribute to an estimated supply of about 1 billion euros (1.1 billion dollars).
The flagship carrier Alitalia has been managed by directors since 2017 after workers rejected a previous bailout plan.
Report by Elvira Pollina; edited by Francesco Guarascio
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